Tuesday, September 2, 2008

The feeling of wealth

http://www.economist.com/blogs/freeexchange/2008/09/lucky_duckies.cfm
"since inequality rises exponentially the higher you climb the economic ladder, the better off you are in absolute terms, the more relatively deprived you may feel. In fact, a poll of New Yorkers found that those who earned more than $200,000 a year were the most likely of any income group to agree that “seeing other people with money” makes them feel poor"

How true. Whenever I talk to a friend who thinks he can't support a family with his income, I get bit pissed. I always talk back at them saying you already have higher than median family income, what are you complaining about. But guess what, I am the outsider.